Talk of Stellantis Renault merger 'pure speculation,' notes Stellantis CEO: Report
At an event in Paris, Renault CEO Luca de Meo refrained from offering comments on what he called 'rumours.'
Stellantis CEO Carlos Tavares on Thursday, dismissed talks of a merger between Stellantis and Renault as 'pure speculation,' upon his visit to one of the French-Italian automaker's hubs in eastern France, Reuters reported.
At an event in Paris, Renault CEO Luca de Meo refrained from offering comments on what he called 'rumours.'
Sole 24 Ore, an Italian newspaper had carried news this week of how discussions of a tie-up had taken shape, with economies of scale seen as a plausible solution to managing the fierce competition that traditional automakers grappled with, Reuters noted.
Conjecture of an amalgamation between Stellantis and Renault came about earlier this year, with an Italian media report noting that the French government was assessing plans for a merger between the two companies. The French government is Renault's biggest shareholder and also holds stake in Stellantis, the newswire noted.
Tavares and de Meo are both attending the Paris Motor Show opening on Oct. 14. Asked what he would discuss with Tavares at the event, De Meo replied: "I will greet him, as always."
RELATED ARTICLES
Isuzu unveils D-Max EV at 2025 Commercial Vehicle Show
Revealed at the 2025 Commercial Vehicle Show in Birmingham, the Isuzu -Max EV is the first fully electric commercial pic...
Hyundai unveils next−gen highly efficient hybrid system
The next-gen hybrid system is claimed to offer 45% better fuel efficiency and 19% more power compared with ICE powertrai...
Horse Powertrain reveals hybrid conversion for electric cars
Engine-making joint venture of Geely and the Renault Group announces new hybrid powertrain that fits into the same space...